PG Electroplast EBITDA rises 54.8% to 69.14 crore rupees
Key Facts
PG Electroplast's earnings before interest, taxes, depreciation and amortization rose to 69.14 crore rupees in the second quarter of fiscal 2026-27, compared with 44.68 crore rupees in the same period a year earlier, an annual increase of 54.8%, according to results announced by the company. This growth puts quarterly operating profitability at the forefront of the available results. For the first half, the company's net income was 89.88 crore rupees, compared with 69.74 crore rupees in the first half of fiscal 2025-26. The company also announced first-half net sales of 2,967.83 crore rupees, up 37.4% year on year. It said its half-yearly revenue exceeded 2,950 crore rupees for the first time in its history.
First-half results showed differing sales growth between the air-conditioner and washing machine categories. Air-conditioner sales reached 1,561 crore rupees, up 36.2%, while washing machine sales exceeded 500 crore rupees after growing 60.7%, according to figures reported by Investing.com from the company. These figures provide a breakdown of the product mix during the period, alongside growth in total net sales. Washing machine sales grew faster than air-conditioner sales. First-half sales therefore increased in both categories, though at different rates.
On production capacity, the company said it expects commercial production to begin at two new facilities in the fourth quarter of fiscal 2026-27. It added that a new plastic components and coolers facility in Salarpur, Bhiwadi, will begin contributing in the third quarter of the same fiscal year, according to Free Press Journal. The managing director of finance linked these initiatives to the company's long-term strategy to expand production capacity and strengthen operating capabilities. He said capital spending on the new facilities and backward integration also aims to build greater control over the supply chain. The company places these investments within its plan to support its production and operating capabilities.
In its outlook for fiscal 2026-27, the managing director said air-conditioner sales volume growth is expected to range between 20% and 25%. He added that order execution will remain the focus in the second half of the fiscal year. The guidance follows air-conditioner sales growth of 36.2% in the first half, according to company data reported by Investing.com. The Salarpur facility is expected to begin contributing in the third quarter, while commercial production is expected to begin at two new facilities in the fourth quarter. These timelines and forecasts remain the next steps identified by the company in the available results and statements.